September 19, 2012 AT 12:00 am

Ken Langone, Chairman of Geeknet, added, “We are very pleased to find a new home for our media business, providing a platform for the sites and our media teams to thrive. With this transaction completed, we will now focus our full attention on growing ThinkGeek.” Dice Holdings acquired the business for $20 million in cash. In 2011, the online media properties generated $20 million in Revenues.

This is big news! ThinkGeek is one of our top distributors, this will be really interesting to see how they grow it!